By Lisa Baertlein LOS ANGELES (Reuters) – Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal’s final push to become the world’s first zero-emissions facility will serve as a bulwark against lost jobs in an era of energy transition and increasing automation. The money from U.S. President Joe…
By Lewis Krauskopf NEW YORK (Reuters) – Worries that have dogged U.S. stocks for months are fading, pushing some Wall Street firms to raise their outlooks for equities and beckoning investors who have remained on the sidelines. Signs of strength in the economy, relief over a deal to raise the U.S. debt ceiling and an…
BEIJING/SHANGHAI (Reuters) -China on Thursday announced a nationwide campaign to promote automobile purchases in a major push to shore up demand in the world’s largest auto market. The announcement from the Ministry of Commerce came shortly after data showed passenger vehicle sales in China rose 7.3% in May from April, higher on the month but…
By Takaya Yamaguchi TOKYO (Reuters) – Japan aims to reform labour law, easing the way for couples to work and share household chores, in a bid to avert an expected sharp fall in the number of its young people by the 2030s, three government sources with direct knowledge of the matter said. Prime Minister Fumio…
By Gabriel Burin BUENOS AIRES (Reuters) – An expected fall in Mexico’s peso will likely be cushioned by its favorable interest rate spread, although there is a wide range of views on the currency’s prospects over the coming year, a Reuters poll of foreign exchange strategists showed. This week the peso extended a winning run…
By Sheila Dang (Reuters) – Alphabet’s Google and Microsoft are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled some brands and risks further pushback from the industry, ad buyers told Reuters. The two tech giants are racing to revamp their search engines with…
A look at the day ahead in U.S. and global markets from Mike Dolan Wildfire smoke wasn’t the only cloud from Canada that drifted over the United States this week. The Bank of Canada’s resumption of interest rate rises after a four-month pause blurred the horizon for Federal Reserve policy somewhat too, reminding markets that…
By Sarah Young LONDON (Reuters) -European low-cost airline Wizz Air is confident that strong bookings combined with a big investment in its operations to avoid last year’s summer travel snags plus its growing fleet will help it swing to a profit this year. For the 12 months to the end of next March, Hungary-based Wizz…
By Foo Yun Chee LUXEMBOURG (Reuters) – Amazon should not pay 250 million euros ($268 million)in back taxes to Luxembourg as ordered by EU competition enforcers, an adviser to Europe’s top court said on Thursday, as she cited errors in the EU regulator’s assessment. The European Commission in its 2017 decision said Amazon paid no…
TAIPEI (Reuters) – Taiwan’s top chip design company MediaTek Inc said on Thursday it will defend itself in court against accusations from Realtek that it paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits. Realtek Semiconductor Corp’s lawsuit, lodged in California, accuses MediaTek of conspiring with IPValue Management Inc…
